The objective of the activity for this course is to make a detailed and justified critical assessment of a cost‐of‐illness study for ONE of the following diseases or health problems: road accidents, Alzheimer’s, rheumatoid arthritis, osteoarthritis, diabetes, chronic bronchitis, lung cancer, breast cancer, colon cancer, dementia, chronic obstructive pulmonary disease, multiple sclerosis, epilepsy, glaucoma, low back pain, obesity, Down’s syndrome, or AIDS. TITLE: DETAILED CRITICAL ASSESSMENT OF A COST‐OF‐ILLNESS STUDYASSIGNMENT: The first step is to choose one of the diseases or health problems listed in the section “Objective of the activity”. Each participant must choose ONE single disease or health problem from the list with a view to making a detailed critical assessment of a study or paper.Once the disease or health problem has been chosen, the next step is to choose ONE cost‐of‐ illness1 study or report on that disease. The study or report shall be chosen by performing a search in the PubMed/MEDLINE database, or through Google Scholar. The PubMed/MEDLINE bibliographic database can be freely accessed at: http://www.ncbi.nlm.nih.gov/pubmed/. The objective of the activity for this course is to make a detailed and justified critical
assessment of a cost-of—illness study for ONE of the following diseases or health problems:
road accidents, Alzheimer’s, rheumatoid arthritis, osteoarthritis, diabetes, chronic bronchitis,
lung cancer, breast cancer, colon cancer, dementia, chronic obstructive pulmonary disease,
multiple sclerosis, epilepsy, glaucoma, low back pain, obesity, Down’s syndrome, or AIDS. The first step is to choose one of the diseases or health problems listed in the section “Objective
of the activity”. Each participant must choose ONE single disease or health problem from the list
with a view to making a detailed critical assessment of a study or paper. Once the disease or health problem has been chosen, the next step is to choose ONE cost-of-
illness1 study or report on that disease. The study or report shall be chosen by performing a
search in the PubMed/MEDLINE database, or through Google Scholar. The PubMed/MEDLINE bibliographic database can be freely accessed at: httpzflwwwncbi.nlm.nih.gov[pubmed[. Each participant will select ONE single cost-of-illness study for the disease or health problem
he or she has previously chosen. The report or paper chosen by the participant for the critical
assessment proposed in this activity: a) must have been conducted or published after the
year 2000; b) must be a cost-of-illness study in the terms described for this type of study in this
module,- and c) must be accessible in its totality either freely or by means of the electronic
resources ofthe UPF virtual library. Each participant must then make a critical assessment of the cost-of-illness study he or she
has chosen, answering briefly, precisely and in detail each of the questions in the checklist
given in Figure 1 of the paper by Larg 8: Moss (2011). The answers to each of the questions in
this checklist must contain at least: a) a description of how the cost-of—illness study selected
deals with the aspect referred to in the checklist question (e.g., perspective, epidemiological
approach, timeframe, etc.); b) a critical assessment of that aspect in the form of an answer to
the checklist question; and c) when appropriate, a reasoned proposal to improve on or mitigate
any deficiencies or problems detected. 1 NOTE: , make sure that you select a cost-of—illness study, NOT a cost-effectiveness or cost-utility
analysis.

Topic: Would you pls me? you! For the generalization, think of (1) real-life scenario where you can apply game theory. You must have:
Two (2) players
Two (2) choices/strategies
Two (2) payoffs for each choice
Assume that the two (2) players cannot collaborate or communicate with each other.
Construct the payoff matrix for their situation. Clearly identify the dominant strategy in your payoff
matrix. You must also justify your choice/s by identifying the maximax and maximin strategies in the
situation. Hayes, A. (2021, April 28). How game theory works. Investopedia. https://www.investopedia.com/terms/g/gametheory.asp For the generalization. think of one [1] real-life scenario where you can apply game theory. You
must haye: Two [2] players Two l2] choicesfsh’ategies Two [2} payoffs for each choice Assume that the two [2} players cannot collaborate or communicate with each other. Clearly identify the dominant strategy in your payoff matrix. You must also justify your choicel’s
by identifying the maximax and maximin strategies in the situation. Coin Matching Game. Roger and Colleen play a game. Each one has a coin. They
will both show a side of their coin simultaneously. If both show heads, no money
will be exchanged. If Roger shows heads and Colleen shows tails then Colleen will
give Roger 40. If Roger shows tails and Colleen shows heads. then Roger will pay Colleen 40. if both show tails. then Colleen will giye Roger
ED. This is a Two person game. the players are Roger and Colleen. It is also a zero-sum
game. This means that Roger’s gain is Colleen’s loss. We can use a 2 x 2 array or matrix to show all four situations and the results as
follows: Colleen Roger Roger pays Roger gets 0 40 Colleen pays Colleen pays 40 This is called a two-person. . Roger pays Roger gets
zero-sum game because the 4:0 80
amount won by each player CDIIEBII gets Colleen pays is
equal to the negative of the 40 30
amount won by the opponent for any given situation. The amount won by either player in any given
situation is called the pay-off for that player. A negative pay—off denotes a loss of that amount for the player. Since it is a zero~sum game. we can deduce the payhoff of one
player from that of the other. thus we can deduce all of the ahoye information from
the pay-off matrix shown below. The pay-off matrix for a game shows only the pay-
off for the row player for each scenario. cm… R
It: ll-I
Cl
EH
3. A player’s plan of action against the opponent is called a strategy. in the aboye
example. each player has two possible strategies; H and T. We will try to
determine each player’s best strategy assuming both piayers want to maximize
their pay-off. Sometimes our conclusions will make most sense when we consider players who are repeatedly playing the same game. In the general situation for a two-player. zero sum game. we will call the two
players Rifor row] and leor column]. For each such game, we can represent all of
the information about the game in a matrix. This matrix is called the Pay—off
matrix for R. It is a matrix with a list of R’s strategies as labels for the rows and a
list of [‘5 strategies as labels for the columns. The entries in the pay-off matrix are
what R gains for each combination of strategies. If this is a negatiye number than
it represents a loss for R. Minimax strategy: minimizing one’s own maximum loss
Maximin strategy: maximize one’s own minimum gain

You choose how much time a day to devote to sleeping (s) and fun (f). Suppose you
get
saf
utility, which you seek to maximise. However, you face two major restrictions: there
are only 24 hours in a day, and you read somewhere that it is essential to get at least
0.50 hours of sleep every day.
In the case where both inequality constraints hold with strict equality, what is the
value of the multiplier attached to the second constraint? (Round to two decimal
places.)
Your Answer:
Answer

I would like to ask what is the optimal price Daily News should charge. I agree with what the answer says until the last part. I think Daily news should charge 62 cents, and the answer is wrong. However, some of my classmates also say it is 57cents. So I am confused. (b) Suppose that prices are set only once but each newspaper has complete flexibility as to what
price to charge (rounded off to the nearest penny). price should the Daily News charge?
Explain. Optimal price for News follows the function: PN = 0.26Pp + 47.46
A similar regression analysis is performed for New York Post to determine where profit will be
maximized.
REGRESSION FOR QUANTITY NEW YORK POST
Regression Statistics
Multiple R
0.983273494
R Square
0.966826765
Adjusted R Square
0.965247087
Standard Error
27.72148641
Observations
45
ANOVA
df
Regression
2
Residual
42
Total
44
Coefficients
Intercept
751.7612625
D News Price
11.89121825
NY Post Price
-15.9162351
Quantity Demanded Formula for New York Post
Qp = -15.92Pp + 11.89PN+ 751.76
Pp = -Qp/15.92 + 0.75PN + 47.22
Revenue is equal to Quantity*Price
Rp = Qp * Pp = Qp (-Qp/15.92 + 0.75PN + 47.22)
MRp = -0.125Qp + 0.75PN + 47.22
Optimal Quantity is where MRN = MCN
Our MCp = Marginal Cost + Depreciation Cost = 0.12 + 0.08 = 0.20. For our usage 0.20 = 20
-0.125Qp + 0.75PN + 47.22 = 20
QP = 217.76 + 6.00PN
Pp = -(217.76 + 6.00PM)/15.92 + 0.75PN + 47.22
Pp = 0.37PN+ 33.54
Optimal price for Post follows the function: Pp = 0.37PN + 33.54
Our Nash Equilibrium is where these two curves intersect as an iterative process would lead
both Daily News and the New York Post to charge this price to maximize profits: Optimal price for News follows the function: PN = 0.26Pp + 47.46
A similar regression analysis is performed for New York Post to determine where profit will be
maximized.
REGRESSION FOR QUANTITY NEW YORK POST
Regression Statistics
Multiple R
0.983273494
R Square
0.966826765
Adjusted R Square
0.965247087
Standard Error
27.72148641
Observations
45
ANOVA
df
Regression
2
Residual
42
Total
44
Coefficients
Intercept
751.7612625
D News Price
11.89121825
NY Post Price
-15.9162351
Quantity Demanded Formula for New York Post
Qp = -15.92Pp + 11.89PN+ 751.76
Pp = -Qp/15.92 + 0.75PN + 47.22
Revenue is equal to Quantity*Price
Rp = Qp * Pp = Qp (-Qp/15.92 + 0.75PN + 47.22)
MRp = -0.125Qp + 0.75PN + 47.22
Optimal Quantity is where MRN = MCN
Our MCp = Marginal Cost + Depreciation Cost = 0.12 + 0.08 = 0.20. For our usage 0.20 = 20
-0.125Qp + 0.75PN + 47.22 = 20
QP = 217.76 + 6.00PN
Pp = -(217.76 + 6.00PM)/15.92 + 0.75PN + 47.22
Pp = 0.37PN+ 33.54
Optimal price for Post follows the function: Pp = 0.37PN + 33.54
Our Nash Equilibrium is where these two curves intersect as an iterative process would lead
both Daily News and the New York Post to charge this price to maximize profits: (56.54, 62.16)
(56.54. 62.16)
10
120
The blue line represents: PN = 0.26Pp + 47.46
The purple line represents: Pp = 0.37PM+ 33.54
The Y-Axis is PN and the X-Axis is Pp.
This means the Daily News should charge $0.57 per copy. 1
SR
11
*
PN = 0.26 Pp + 47.46 –
Pp = 0.37 PM + 33.54
2
sub 1 into
Pp = 0. 37 ( 0. 26. Pp + 47. 46 ) + 33.54
Pp = 0.0962 Pp + 17.56 + 33.54
0. 9038 P. = 51.1
Pp = 57 cents
Sub 2 into 1
PN = 0.26 (0.37 PN + 33. 54) + 47.46
Py =0. 0962 PM + 56. 18
OOIN 9010
PN = 62 cents
APR
13
N
A
1
w
MacBook Pro